Valorem in a sentence

These include: * Bank tax * Financial transaction taxes including currency transaction taxes Descriptive labels Ad valorem and per unit main An ad valorem tax is one where the tax base is the value of a good, service, or property.

For example, let’s assume that a minimum applicable tax is set at an ad-valorem rate of 30% or a flat rate of Nu.

HB171 by Rep. Sells: To exempt certain aircraft from ad valorem taxation (Assigned to House Ways and Means General Fund Committee).

Beginning in 2013, the alleged scheme stems from a decision by county commissioners to change how sales tax revenue is distributed, switching from a per capita to an ad valorem method.

Do you support an amendment to authorize local governments to enter into cooperative endeavor ad valorem tax exemption agreements with new or expanding manufacturing establishments for payments in lieu of taxes?

If the expansion were allowed, the increased drilling could have brough $71 million a year in federal royalties, $57.6 million a year in Wyoming severance taxes, and $70 million a year in county ad valorem taxes, according to previous reports.

Cash, subject to State and County ad valorem taxes or assessment and any federal tax liens of record.

Most voters had three ad valorem tax renewals on their ballots and each passed with 90 percent of the vote.

Last year the council had to lower the ad valorem tax rate 6 cents.

Murphy said the money for lobbying will not come from ad valorem revenue.

The homestead will be exempt from ad valorem taxes for municipal purposes equal to the amount which the current year assess value exceeds the adjusted base year value of the homestead.

The proposal clarifies that the existing exemption from ad valorem taxation for nonprofit homes for the mentally disabled applies even when financing for construction or renovation of the homes is provided by a business corporation or other entity.

Ad valorem property taxes are local taxes and are a large source of funding for school systems, counties, municipalities and other local government units.

An ad valorem tariff was determined by the cost of production and market value.

In contrast to ad valorem taxation is a per unit tax, where the tax base is the quantity of something, regardless of its price.

It replaced the existing ad valorem tariff schedule with specific duties and drastically increased tariff rates on goods produced by popular "protected" industries, such as iron, textiles, and other manufactured goods.

On the majority of items subject to duty, a five percent fee was levied, ad valorem Molasses, an indispensable ingredient for Northeastern rum producers, was lowered from 6¢ per gallon to 2.5¢.

Property main A property tax (or millage tax) is an ad valorem tax levy on the value of property that the owner of the property is required to pay to a government in which the property is situated.

Such a change from ad-valorem to specific duties is in itself by no means objectionable; but it has usually been made a pretext on the part of protectionists for a considerable increase in the actual duties paid.

When protectionists make a change of this kind, they almost invariably make the specific duties higher than the ad-valorem duties for which they are supposed to be an equivalent.